MONTRÉAL, Dec. 2, 2019 /CNW
Telbec/ - Boralex Inc. ("Boralex" or the "Corporation") (TSX: BLX)
announces the commercial commissioning of the 24 MW installed
capacity Seuil du Cambrésis wind farm located in France's Nord department. The commissioning of
this wind farm increases Boralex's capacity to 975 MW in
France and a total of 2,037 MW
worldwide.
"Seuil du Cambrésis is the 5th wind farm we've
installed this year as part of our strategic plan; it will enable
us to reach our 1,000 MW of installed capacity in France by 2020, which will also mark the 30th
anniversary of our company," said Nicolas
Wolff, Vice President and General Manager, Boralex
Europe.
The wind farm is financed through the credit facility included
in the refinancing transaction announced on November 28th.
The 15-year feed-in premium agreement for the wind farm
comprising seven Vestas V117 wind turbines, with a capacity of 3.45
MW each, entered into force on December 1, 2019. The wind
farm is expected to contribute about €4.8 million (or $7 million Canadian) to Boralex's annualized
EBITDA(A) with an annual electricity production estimated at more
than 74,400 MWh, which will avoid the emission of nearly
5,580 tons of CO₂.1
About Boralex
Boralex develops, builds and operates
renewable energy power facilities in Canada, France, the United
Kingdom and the United States. A leader in the Canadian
market and France's largest
independent producer of onshore wind power, the Corporation is
recognized for its solid experience in optimizing its asset base in
four power generation types—wind, hydroelectric, thermal and solar.
Boralex ensures sustainable growth by leveraging the expertise and
diversification developed over the past 25 years. Boralex's
shares are listed on the Toronto Stock Exchange under the ticker
symbol BLX. More information is available at www.boralex.com or
www.sedar.com. Follow us on Facebook, LinkedIn and Twitter.
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1 Based on
the calculations and the assumptions by the Chair in Energy Sector
Management of the HEC Montréal Business School.
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SOURCE Boralex Inc.